Indo-MIM Ltd

AI

Indo-MIM Ltd

₹ 1,018 1.16%
11 Sep - close price
About

Business Overview:[1]
Incorporated in 1996, Indo-MIM is a global leader in manufacturing precision engineering components using metal injection molding (MIM) technology. The company offers end-to-end solutions including mold design, tooling, finishing, and assembly.
Along with MIM, the company also use advanced technologies such as investment casting, precision machining, ceramic injection molding, and 3D metal printing to serve diverse industries. In FY25, it has manufactured over 6,400 products, catering to automotive, defence, medica, consumer, and aerospace industries.

Product Portfolio:[1]
a) Automotive:
Safety, fuel systems,
powertrain, and interiors
b) Defence:
Firearm components
like triggers, hammers,
and sights
c) Aerospace:
Manifolds, housings,
nozzles, locking rings,
clevises, and brackets
for OEMs
The company has global sales capabilities with dedicated sales team that provides customer support. As of March 31, 2026, it has three sales offices in China, Germany and the United States, with 13 sales representatives in Czech Republic, France, Italy, Japan, South Korea, Israel, Poland and Turkey. In Fiscal 2026, it has served more than 1,100 customers
d) Medical:
Parts for surgical devices in endoscopy, laparoscopy, dental robotics, and orthopedics
e) Consumer:
Fashion accessories, crossbows, cellphone parts, tools, and hardware
f) Manufacturing:
The company operates 15 manufacturing facilities across India, the US, the UK, and Mexico, and hold the world’s largest installed MIM capacity (Source: F&S Report). Its global presence includes sales offices in China, and Germany, and the US, and sales reps across Europe and Asia.

Competitive Strengths:[1]
a) Global leadership
in manufacturing precision
engineering components
using MIM technology
b) Long-standing
relationships with Indian
and global OEM customers
c) Diversified product
portfolio catering to applications
across the multiple industries
d) Backward integrated,
dual-shore manufacturing
capabilities
d) Export driven player
with extensive global
distribution capability

User Industries:[1]
Automotive, Aerospace,
Medical, Defence and
Consumer products.

Acquisitions:[1]
Conway Marsh Garrett Technologies Ltd
CMG Technologies (UK), Triax Industries,
LLC (USA), and Phoenix DeVentures II Inc.
These have added to INDO-MIM’s capabilities
in MIM and advanced machining, strengthening its global footprint

  • Market Cap 50,348 Cr.
  • Current Price 1,018
  • High / Low 1,028 / 700
  • Stock P/E 78.0
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 25.0 %
  • ROE 23.4 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 60.1%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2025 Mar 2026 Jun 2026
1,114 1,048 1,219
787 847 812
Operating Profit 327 201 407
OPM % 29% 19% 33%
13 85 3
Interest 46 47 27
Depreciation 49 53 58
Profit before tax 245 185 325
Tax % 26% 25% 26%
182 139 240
EPS in Rs 3.78 2.87 4.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,975 2,503 2,753 2,888 3,330 4,193
1,121 1,585 1,939 2,131 2,397 3,122
Operating Profit 854 918 814 757 933 1,071
OPM % 43% 37% 30% 26% 28% 26%
21 14 25 33 -57 50
Interest 50 40 60 96 96 167
Depreciation 105 123 150 171 199 220
Profit before tax 718 769 629 521 581 734
Tax % 23% 22% 25% 33% 27% 27%
553 598 471 352 424 534
EPS in Rs 57.59 62.29 49.10 7.29 8.79 11.02
Dividend Payout % 67% 43% 8% 51% 67% 62%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 15%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 8%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 21%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 48 48 48 48 48 48
Reserves 1,258 1,612 1,962 2,038 2,151 2,771
588 670 804 1,257 1,433 1,368
311 334 504 519 508 710
Total Liabilities 2,205 2,664 3,318 3,862 4,141 4,897
975 1,164 1,263 1,774 1,748 2,172
CWIP 20 53 388 176 209 181
Investments 0 0 0 10 13 10
1,210 1,447 1,667 1,901 2,171 2,535
Total Assets 2,205 2,664 3,318 3,862 4,141 4,897

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
601 502 641 456 506 1,077
-247 -299 -464 -478 -327 -506
-294 -177 -57 -86 -238 -356
Net Cash Flow 60 27 120 -108 -58 215
Free Cash Flow 346 202 175 77 133 662
CFO/OP 89% 78% 97% 82% 74% 122%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 67 58 59 57 71 66
Inventory Days 733 584 537 623 687 373
Days Payable 287 225 193 182 171 83
Cash Conversion Cycle 514 417 402 498 586 356
Working Capital Days 39 57 65 7 78 71
ROCE % 38% 27% 20% 22% 25%

Shareholding Pattern

Numbers in percentages

33 Recently
Jul 2026
77.65%
2.34%
6.07%
13.95%
No. of Shareholders 9,46,298

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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